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Dec 14, 2012
12/12
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CNBC
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>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for rent, single-family rentals, that's the way it's sort of getting all that notion, at least today that some people are locked out of credit. they are renters, or renters nation. >> the real estate investment trusts. >> ev
>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get...
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Dec 27, 2012
12/12
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CNBC
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he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against more tax hikes warning these could further restrict growth. he says it's built a bit of momentum, but still needs to do more. >> france has to reform. france cannot -- that can avoid reforms. it can be again reforms which might be different. but we need to reform. let me say that from that perspective, the recent decisions going the right direction and i think that the government has understood the need to help companies create jobs. so what is important is that this momentum is there going forward. i mean, the momentum, positive momentum regarding the negotiation between the trade unio
he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against...
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Dec 10, 2012
12/12
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CNBC
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. >> according to the hawaii reporter. >> the other bookmark is his inauguration. you don't want these things to go through the inauguration, either. so, that gives us a very tight window. >> look, politicians have a long track record of kicking the can down the road. they could certainly do it again. but i've characterized this bull market as sort of the rodney dangerfield of bull markets. absolutely no respect. and it just keeps climbing this wall of worry, as the old adage goes. >> talk a little bit about earnings and the things you are covering, health care, financials. >> certainly. >> how do you think earnings are going to shape up for 2013? >> i'm optimistic. we could see $110 for the s&p 500. the multiple right now is about 12 1/2. we get down to 12, 13 seems to be unlucky. we can't seem to break through that. but if we get through this cliff issue, and we will, one way or another, even if we go over the cliff, there will be some resolution afterwards. i think earnings are going to hang in there pretty well. they are only triggered by the global economy and
. >> according to the hawaii reporter. >> the other bookmark is his inauguration. you don't want these things to go through the inauguration, either. so, that gives us a very tight window. >> look, politicians have a long track record of kicking the can down the road. they could certainly do it again. but i've characterized this bull market as sort of the rodney dangerfield of bull markets. absolutely no respect. and it just keeps climbing this wall of worry, as the old adage...
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Dec 27, 2012
12/12
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CNBC
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yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal. there you see the united states senate is coming into session is this morning. we are going to keep an eye out for those remarks from senator reid, and of course, remarks on this fiscal cliff debacle have been moving the markets throughout the past couple of weeks, wait and see what harry reid has to say. guys, not a whole lot here to give those guys consumer confidence. >> the essence of poll tak
yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by...
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Dec 13, 2012
12/12
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KGO
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it was even in the back of his mind or if he just had another plan to leave. >> reporter: instead of hawaii, police say he went to the mall dressed to kill. police say roberts made a beeline from his volkswagen jetta in the parking lot through the macy's store carrying a rifle, wearing a ballistics vest, and a hockey style facemask. he entered on the upper level, when he got to the food court, he was already reportedly firing, killing 54 hospice nurse cindy ann yuille, who was christmas shopping, and 45-year-old steven forsyth, a father of two, who owned a small business in the mall. he fired into the lower level, hitting this 15-year-old, now in the hospital. there his gun jammed. he bolted down a flight of stairs where he got his rifle working again, according to police, and killed himself near the jcpenney store. it was just the latest rampage in a violent year. july's massacre in aurora, colorado, killed 12, but it wasn't the only mass tragedy. april 2nd, seven dead on a university campus in oakland, california. in august and september, seven dead at a sikh temple in milwaukee, then six
it was even in the back of his mind or if he just had another plan to leave. >> reporter: instead of hawaii, police say he went to the mall dressed to kill. police say roberts made a beeline from his volkswagen jetta in the parking lot through the macy's store carrying a rifle, wearing a ballistics vest, and a hockey style facemask. he entered on the upper level, when he got to the food court, he was already reportedly firing, killing 54 hospice nurse cindy ann yuille, who was christmas...
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waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >>> checking healthy living news this afternoon, americans might drink less mic than a generation ago, but face more decisions in the dairy market. nutritionists point out mic remains a key source of calcium and say pick a mic that best suits your needs. organic needs claims to be free of growth hormones but a study found no significant difference in the hormones found in organic versus conventional mic. >> parenthood is good for your health. researchers looked at 21,000 couples found women who gave birth were four times as likely to live longer than those who did not. the stud gee published in community health. >> wait until they get to college. >> this whale creating a smelly problem in southern california. the carcass of this 40,000 pound whale is decomposing on a malibu beach not far f
waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >>> checking healthy living news this afternoon, americans might drink less mic than a generation ago, but face more decisions in the dairy market. nutritionists point out mic remains a key source of calcium and say pick a mic that best suits your needs. organic needs...
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Dec 23, 2012
12/12
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CNNW
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he represented hawaii many congress for more than five decades. ever since hawaii became a state in 1959. the 88-year-old senator was a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral at the national memorial cemetery of the pacific. the president has said niouye was his earliest political inspiration. the civil war in syria already tragic on a dwloebl scale. took a shocking turn for the worst today. [ yelling ] >> this is a small village in western syria. more than 100 people were killed in a bombing here. some say the death toll is higher. according to witnesses, syrian military -- a syrian military jet dropped three bombs on this town on the spot where scores of people were standing in line for bread. >>> a ban on proezs doughfied in new delhi, india. riot police blasting protesters with high pressure water hoses. demonstrators hit the streets after a woman was gang-raped on a moving city bus last weekend. they're defending the toughening of india's rape laws. meanwhile, further knott a pro
he represented hawaii many congress for more than five decades. ever since hawaii became a state in 1959. the 88-year-old senator was a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral at the national memorial cemetery of the pacific. the president has said niouye was his earliest political inspiration. the civil war in syria already tragic on a dwloebl scale. took a shocking turn for the worst today. [ yelling ] >> this is a small...
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Dec 28, 2012
12/12
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KCSM
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he cut short his vacation in hawaii to restart negotiations with republicans in congress. before christmas, the president called for bipartisan cooperation. >> now is not the time for more self-inflicted wounds, certainly not those coming from washington. >> analysts say failure to reach a deal with poison u.s. consumer spending. the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i
he cut short his vacation in hawaii to restart negotiations with republicans in congress. before christmas, the president called for bipartisan cooperation. >> now is not the time for more self-inflicted wounds, certainly not those coming from washington. >> analysts say failure to reach a deal with poison u.s. consumer spending. the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary...
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Dec 31, 2012
12/12
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CNBC
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but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but wit
but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned...
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Dec 10, 2012
12/12
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CNBC
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., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headquarters a quick market flash. >> good morning. take a look at marathon petroleum tradin
., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep...
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Dec 15, 2012
12/12
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CSPAN
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our president is taking a 20-day vacation in hawaii to cost the taxpayers $4 million. he is just going to blame the republicans and let the taxes go up on everybody. host: grace says -- guest: medicare's costs have grown slower than the private insurance market. even though it is a big expense for the federal government, it would be even more expensive if we were growing at the same rate of private insurance. medicare has millions and millions of patients and to negotiate much lower rates. on the flip side of that, the issues we talked about earlier about doctors not wanting to participate. medicare has a huge population so they are able to streamline a lot of the education costs. host: another comment on our twitter page -- guest: malpractice is an issue that came up in the health care debate but did not move for that much. it is one solution that might make doctors more comfortable in their practice, that they are now worried about getting sued all the time. most of the estimates show it most of the estimates show it would be relatively small in the world of health c
our president is taking a 20-day vacation in hawaii to cost the taxpayers $4 million. he is just going to blame the republicans and let the taxes go up on everybody. host: grace says -- guest: medicare's costs have grown slower than the private insurance market. even though it is a big expense for the federal government, it would be even more expensive if we were growing at the same rate of private insurance. medicare has millions and millions of patients and to negotiate much lower rates. on...
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Dec 22, 2012
12/12
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MSNBCW
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good to see you. >>> the president in hawaii for christmas. is he coming back for fiscal cliff talks on december 26? live report from honolulu next. >>> also the lee big money headlines. dropping, shopping, should we be stopping? we are reduced to rhyming. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. >>> good day to all of you. welcome to "weekends with alex witt." president obama sing vacation g vacationing. he a
good to see you. >>> the president in hawaii for christmas. is he coming back for fiscal cliff talks on december 26? live report from honolulu next. >>> also the lee big money headlines. dropping, shopping, should we be stopping? we are reduced to rhyming. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is...
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Dec 22, 2012
12/12
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CNNW
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president obama here in hawaii. the next step will be for the senate to reconvene, which it's scheduled to do december 27th. till then, it's up to the white house to try to work out a situation at least on the tax cuts that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only republican support but democratic support, as well. and the president holding out hope this could happen. take a listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> but the chances of getting something big done that deals with the fiscal health of the country, miguel, out the window at this point. this is something we're talking about to deal just with those tax cut
president obama here in hawaii. the next step will be for the senate to reconvene, which it's scheduled to do december 27th. till then, it's up to the white house to try to work out a situation at least on the tax cuts that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only...
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Dec 22, 2012
12/12
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CNNW
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cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist that something can still be done. but the fact is it's going to be something smaller. he's now pushing for tax cuts to be preserved for americans making $250,000 or less and pushing for unemployment benefits to be extended for a couple million americans. listen to some of what he said but also still some of the house republican opposition to this short-term plan he's pushing. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> the president's solution of raising tax r
cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist that something can still be done. but the fact is it's going to be something smaller. he's now pushing for tax cuts to be preserved for americans making $250,000 or less...
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Dec 24, 2012
12/12
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FBC
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this past friday before the president left for his family vacation in hawaii, he proposed a limited measure to avoid all of the cliff when speaker boehner scuttled his plan b, the president wants to extend the bush tax cuts now for the middle class and try to avoid some of these deep spending cuts on january 1st. a white house spokesperson says today that staff discussions continue between the administration and the hill. in july you may recall the senate democrats passed an extension of the middle class tax cuts if r a year at a -- for a year at a cost of 157 billion. that bill also patched the alternative minimum tax for 2012 for 92 billion, but it went nowhere after that. senate republican leader mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesperson says this morning quote, nothing new to report. we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of
this past friday before the president left for his family vacation in hawaii, he proposed a limited measure to avoid all of the cliff when speaker boehner scuttled his plan b, the president wants to extend the bush tax cuts now for the middle class and try to avoid some of these deep spending cuts on january 1st. a white house spokesperson says today that staff discussions continue between the administration and the hill. in july you may recall the senate democrats passed an extension of the...
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Dec 22, 2012
12/12
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KRON
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before heading to hawaii. he warned it's time for party leaders to take action. karen caifa reports from washington, where members of congress have also left town. >> the next few days i have asked leaders of congress to help work out a package. this will protect unemployment for millions of americans. >> remarks came after john boehner failed to muster up -- >> we had a number of our members who just did not want to be perceived as raising taxes. >> the two sides both left for christmas holiday and they blamed each other for not acting. they stated that more action is needed from the gop. >> we will need to have a bipartisan solution. >> the next move will need to call from the present. >> he is the only one who could door. this is not john boehners problem to solve. >> in washington, i am karen caifa. >> and now to connecticut were new details are emerging about sandy hooke elementary school gunmen adam lanza. for those who know him say that he was an awkward, peculiar kid who wore the same close to school every day. if they say that glance up rarely spoke once
before heading to hawaii. he warned it's time for party leaders to take action. karen caifa reports from washington, where members of congress have also left town. >> the next few days i have asked leaders of congress to help work out a package. this will protect unemployment for millions of americans. >> remarks came after john boehner failed to muster up -- >> we had a number of our members who just did not want to be perceived as raising taxes. >> the two sides both...
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Dec 25, 2012
12/12
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KPIX
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. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a
. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in...
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Dec 30, 2012
12/12
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FOXNEWSW
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. >> yes, just a few do, harris, allowing it without exception, hawaii, new hampshire, oregon and utah. we are in salt lake city and hundreds attended a training seminar. in a violent situation the educators were taught to first initiate a lock down, but if that failed, the teachers want to know how to respond properly. >> you know, i think that a lot of people have a fear of guns and what they can do. but i think also maybe they are not quite educated, but sometimes the only thing that will stop a bad guy with a gun is a good guy with a gun. >> critics argue arming teachers is dangerous and warns risks such as accidental shootings or an intruder over powering the teacher for their gun. even so arizona and washington state are looking into the idea and may be the next to allow teachers to carry a concealed weapon on campus. >> what about the background checks? i understand some states are having a difficult time managing the requests. >> they are. no official data on gun sales over the past few weeks, but signs suggest they are way up. a spike in attendance at gun shows is one inned ca
. >> yes, just a few do, harris, allowing it without exception, hawaii, new hampshire, oregon and utah. we are in salt lake city and hundreds attended a training seminar. in a violent situation the educators were taught to first initiate a lock down, but if that failed, the teachers want to know how to respond properly. >> you know, i think that a lot of people have a fear of guns and what they can do. but i think also maybe they are not quite educated, but sometimes the only thing...
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Dec 30, 2012
12/12
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FOXNEWSW
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. >> yes, just a few do, harris, allowing it without exception, hawaii, new hampshire, oregon and utah. we are in salt lake city and hundreds attended a training seminar. in a violent situation the educators were taught to first initiate a lock down, but if that failed, the teachers want to know how to respond properly. >> you know, i think that a lot of people have a fear of guns and what they can do. but i think also maybe they are not quite educated, but sometimes the only thing that will stop a bad guy with a gun is a good guy with a gun. >> critics argue arming teachers is dangerous and warns risks such as accidental shootings or an intruder over powering the teacher for their gun. even so arizona and washington state are looking into the idea and may be the next to allow teachers to carry a concealed weapon on campus. >> what about the background checks? i understand some states are having a difficult time managing the requests. >> they are. no official data on gun sales over the past few weeks, but signs suggest they are way up. a spike in attendance at gun shows is one inned ca
. >> yes, just a few do, harris, allowing it without exception, hawaii, new hampshire, oregon and utah. we are in salt lake city and hundreds attended a training seminar. in a violent situation the educators were taught to first initiate a lock down, but if that failed, the teachers want to know how to respond properly. >> you know, i think that a lot of people have a fear of guns and what they can do. but i think also maybe they are not quite educated, but sometimes the only thing...
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i guess president obama is scheduled to go to hawaii later in the month. i think he probably has a deadline before that date, but we'll get some sort of a decision. i have a feeling that we're going to go over the cliff. it's not going to be the end of the world for the economy. i think business has been talking for years now, a couple years now about the need for certainty, and if this, the fact that we do go off the cliff provides a certain amount of certainty for business. and a $500 billion down payment on the deficit and the debt, i think, is actually a nice piece of certainty for business so that they can plan for 2013 and 2014. it will mean an exceedingly weak first quarter next year, but i think throughout the year economic growth will get stronger. david: well, but, michael, on the other hand, sometimes if i'm certain somebody's dead, that won't bring them back to life. sometimes certainty is not necessarily good news. you say that the market is rather than on the negative side rather than on the positive side, and if we do go over the fiscal clif
i guess president obama is scheduled to go to hawaii later in the month. i think he probably has a deadline before that date, but we'll get some sort of a decision. i have a feeling that we're going to go over the cliff. it's not going to be the end of the world for the economy. i think business has been talking for years now, a couple years now about the need for certainty, and if this, the fact that we do go off the cliff provides a certain amount of certainty for business. and a $500 billion...
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Dec 22, 2012
12/12
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KTVU
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. >> the first family is spending this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say republicans will maintain their focus on reaching a deal. >> i have challenged the members of our party to grapple with these issues, to make choices and we are willing to because washington has a serious spending problem. this was the year of the size our debt, all 16 trillon dollars of it passed the size of our economy. it's a grim milestone. >> both sides continue to blame the other for not compromising. with no agreement the budget cuts and tax hikes will go into effect january 1st. >> it's more likely than ever that eastern and gulfports will be shut down by
. >> the first family is spending this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say...
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Dec 24, 2012
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president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but, jeff and rebecca, it's really unclear whether even a package like that could pass both houses of congress. so the president is going to be cutting his vacation short and heading back to washington midweek to work with congressional leaders. at that point, as you know very little time left to get a deal only about five days. >> the pressure will be on. no do-overs for this one. nancy, i want to turn to michael crapo and his dui. what kind of details are emerging on that? >> reporter: we're told senator crapo had a blood alcohol level of .110. he was pulled over early saturday morning in alexandria virginia, just outside of washington, d.c. when he ran a red light. he was given a field sobriety te
president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but, jeff and rebecca, it's really unclear whether even a package like that could pass both houses...